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Data Processing where debt has been sold


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Just a quick question - Say you had a loan which was defaulted and then sold on to a DCA. At the time you took out the loan you gave permission for the lender to process your data and share it with the CRA's by agreeing to the T & C's. By selling the debt have they effectively ended their contract with you? If this is the case could you send them a letter ordering them to stop processing your data and to remove it from the CRA's? Also could you send the DCA a letter ordering them not to process your data at all? If this is the case it might help in getting defaults removed and p**s off the banks and CRA's which would obviously be a result.

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if debt is sold to dca. the original creditor say their right to collecting the monies owed has changed but the contract still continues

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Mortgage Express charges- settled in full after issuing claim

 

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To view the FAQ'S click here: http://www.consumeractiongroup.co.uk/forum/faqs-please-read-these/

To view the PRELIM letter click here: http://www.consumeractiongroup.co.uk/forum/bank-templates-library/516-1-data-protection-act.html

To view the Letter Before Action click here: http://www.consumeractiongroup.co.uk/forum/bank-templates-library/92-3-letter-before-action.html

To find Registered Address:

http://www.esd.informationcommissioner.gov.uk/esd/search.asp

 

 

If my advise helps click here http://www.consumeractiongroup.co.uk/forum/reputation.php?p=366404

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Forgive me for sounding a bit thick! How can the contract continue? You don't owe them the money any more and they have been paid by the DCA for the debt. I don't see a legal contract there. Neither party is providing 'consideration' i.e. you aren't paying them anything and they are no longer the owners of the debt.

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if you cca the dca, they provide the original loan agreement to which you signed.

 

they are collecting according to that contract

-----------------------------------------------

Mortgage Express charges- settled in full after issuing claim

 

------------------------------------------------

To view the FAQ'S click here: http://www.consumeractiongroup.co.uk/forum/faqs-please-read-these/

To view the PRELIM letter click here: http://www.consumeractiongroup.co.uk/forum/bank-templates-library/516-1-data-protection-act.html

To view the Letter Before Action click here: http://www.consumeractiongroup.co.uk/forum/bank-templates-library/92-3-letter-before-action.html

To find Registered Address:

http://www.esd.informationcommissioner.gov.uk/esd/search.asp

 

 

If my advise helps click here http://www.consumeractiongroup.co.uk/forum/reputation.php?p=366404

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Realise that they are collecting the same debt but the point I'm making is that the original lender does not own the debt any more. They have legally (if not morally) sold the debt on to the DCA sharks. What legal relationship now exists between the debtor and the original lender? If there is no legal relationship the original contract is no longer in force so I'm sure you could stop them processing data and force them to remove data held by third parties. Also you have not signed a contract with the DCA so they would not have the right to process any of your data at all.

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This is my issue with MBNA they sold the debt to Activ Kapital but have not removed the default from my file. Activ kapital have provided me with no documentation at all. Surly because MBNA have sold the debt they should remove the default. I have 3 defaults for the same credit card!!! Sorry if it seems I have hijacked the thread just wanting to tell you there are many people out there with the same query

17/4 Sent CCA Request to Cabot - Argos/Cabot

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